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Rakuten Investing App

Posted: Tue Oct 03, 2017 9:21 am
by vapid
I am curious if anyone uses the Rakuten iSpeed app to do investment, forex tradin, etc. Or if there is a general consensus that it is not worth using when compared to tools like Schwab client accounts.

Re: Rakuten Investing App

Posted: Tue Oct 03, 2017 9:30 am
by RetireJapan
I took a look when I opened my account, but wasn't hooked. But I only buy things a couple of things a year, so the online site is fine for my needs :)

Re: Rakuten Investing App

Posted: Tue Oct 03, 2017 1:18 pm
by N00bster
I don't think that these apps are meaningful for people other than day traders.

Also these apps are typically poorly programmed and provide a new attack surface for hackers who put their hands on your phone. I would refrain from using them unless you actually day trade.

Interestingly I have never found a web interface for Interactive Brokers (or it was so slow I gave up on the way). They provide a desktop app for all operating systems though, so I used that. To my surprise, SSL was a connection option. Definitely not reassuring...

Re: Rakuten Investing App

Posted: Wed Oct 04, 2017 3:35 am
by vapid
Thanks for the feedback.

Day trading was my first impression as well, and the fees didn't seem that great when I first checked it out a year or so ago. Still, I am willing to gamble a bit with the app. Are there any guides or explanation material that can help one better understand how to use it?